Vikran Engineering Limited has scheduled its 18th Annual General Meeting (AGM) for September 11, 2026, to transact ordinary and special business items critical to its capital structure and operational expansion. The meeting will be held via video conference or other audio-visual means (VC/OAVM), with remote e-voting commencing on September 7, 2026, and concluding on September 10, 2026.

Capital Structure and Borrowing Limits

The Board of Directors seeks shareholder approval to enhance the company’s borrowing capacity under Section 180(1)(a) and Section 180(1)(c) of the Companies Act, 2013. The proposal supersedes the limits approved at the Extra-Ordinary General Meeting (EOGM) held on April 30, 2025.

The aggregate indebtedness secured by the company’s assets shall not exceed ₹3,500 crore at any time. This enhancement aims to support increased business activities and strategic requirements.

Debt Issuance Authorization

Shareholders are asked to approve the issuance of Senior, Secured/Unsecured, Rated, Listed/Unlisted, Taxable, Redeemable Non-Convertible Debentures (NCDs) or other debt securities for an aggregate amount not exceeding ₹1,000 crore. The issuance may be conducted via private placement or public issue in one or more tranches. The proceeds are intended to finance business operations, meet working capital requirements, and support general corporate purposes.

To facilitate this, the Articles of Association will be amended to include Clause 137(e), allowing the Debenture Trustee to nominate a director on the Board as per SEBI regulations.

Dividend and Governance

The company proposes a final dividend of ₹0.18 per equity share of face value ₹1 each for FY26. The record date for dividend eligibility is August 28, 2026. If approved, the dividend will be paid electronically on or after September 14, 2026, subject to tax deduction at source (TDS).

Mr. Nakul Markhedkar, Whole-Time Director, retires by rotation and is eligible for re-appointment. Additionally, shareholders must ratify the remuneration of related-party Key Managerial Personnel:

• Mrs. Kanchan Markhedkar (CHRO): Maximum remuneration of ₹3,67,73,205 per annum.
• Mr. Vipul Markhedkar (CBO): Maximum remuneration of ₹2,19,83,280 per annum.

Both appointments require approval under Section 188(1)(f) of the Companies Act, 2013, due to their relationship with the Chairman and Managing Director.

Strategic Expansion

The AGM will also consider altering the Object Clause of the Memorandum of Association to explicitly include activities such as building and operating substations, transmission lines, renewable energy projects, data centers, and water infrastructure. This amendment aligns the legal framework with the company’s current engineering, procurement, and construction (EPC) operations in power transmission and distribution.

Vikran Engineering Limited has reported its financial results for the first quarter of fiscal year 2027 (Q1FY27), posting strong year-on-year growth across key metrics. Revenue for the quarter came in at ₹2 billion, compared to ₹1.6 billion in the same period last year, reflecting a notable uptick in business activity. Net profit surged sharply to ₹175 million from ₹57 million in the year-ago period, underscoring a significant improvement in bottom-line performance.

Q1FY27 Financial Highlights

The company's quarterly performance reflects broad-based growth across revenue and profitability. The following table summarises the key financial metrics for Q1FY27 against the prior year period:

While revenue and absolute profitability improved substantially, the EBITDA margin contracted marginally to 13.74% from 14.23% in the year-ago quarter, indicating a slight increase in operating costs relative to revenue.

Earnings Conference Call Details

The results were discussed at an earnings conference call held on Wednesday, August 12, 2026, at 11:30 am IST, following a Board of Directors meeting on Tuesday, August 11, 2026. The company had notified the Bombay Stock Exchange (BSE) and the National Stock Exchange of India (NSE) on August 7, 2026, regarding the schedule, in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015. The filing was signed by Kajal Rakholiya, Company Secretary and Compliance Officer, from Thane.

Pursuant to Regulation 30 read with Part A of Schedule III of the Listing Regulations, the company confirmed that the audio recording of the earnings call has been uploaded to its website. Investors can access the recording via the company's official portal. The transcript for the call will be intimated to the stock exchanges and made available on the company's website in due course.

Participants could join the call via toll-free numbers or through a dedicated web link. The following access details were provided for domestic and international attendees:

Management Participation

The following executives participated in the earnings discussion:

• Rakesh Markhedkar, Promoter & CMD
• Nakul Markhedkar, Whole Time Director
• Ashish Bahety, Chief Financial Officer

Investors requiring further information may contact Shubham Sangle or Sumit Kinikar at Adfactors PR via email at shubham.sangle@adfactorspr.com or sumit.kinikar@adfactorspr.com .